Investors and traders alike we all share the same wish and we are in the same stock.. to make money! Traders try to time their entry and exit to improve their profit and 80% get it wrong. Investors sit tight and are patient... if the company is good they will profit regardless of daily or monthly swings...and they get a tax advantage if they hold longer than 12 months!
I am what you would classify as a trader but my timeframe is mid to long term if the company consistently delivers and the trend is up.. for example:
I initially bought at 2.6c then sold at 3.5c..9 pip gain, then i bought at 3.3c and sold at 3.9c..6 pip gain, then in at 3.6c and again at 3c for average 3.3c currently, a 2 pip loss..net gain is 13 pip versus 5 pip if i had held from the start.
Doesnt always work, but when you get it right it can increase your profit, which in turn allows you to increase your position size, which i have now have approx 50% more shares than i started with..
IMO traders are healthy for a stock and shouldnt be scorned or belittled for trying to profit from the swings... generally most will get it wrong but when you do get it right then it makes perfect sense..
I hope that all of us traders and investors make a ship load from NAE
NAE Chart, page-428
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 19565832 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 13254057 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2200000 | 0.006 |
9 | 8299899 | 0.005 |
6 | 3650000 | 0.004 |
3 | 2622888 | 0.003 |
3 | 4000100 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2536904 | 6 |
0.008 | 3066187 | 5 |
0.009 | 1057001 | 6 |
0.010 | 5904545 | 3 |
0.011 | 500000 | 1 |
Last trade - 11.57am 04/12/2024 (20 minute delay) ? |
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NAE (ASX) Chart |